6/4/14 Wed News
Welcome To Wednesday Night News Time With Millionday
[millionday] affects the market and the private sector, two Iraqis paralysis and tension after six months of disabling the financial budget of the country, after a pause of more than 90% of development projects allocated to private companies.
While reports reveal about domestic capital flight from the country late last year, reveals Financial experts from the face of more than four million workers in the Iraqi market and the private sector risk of unemployment, not to approve the financial budget.
[millionday] note --- this is talking about the poor problems within the country due to know budget
[millionday] The financial expert and deputy governor of the Central Bank of the previous appearance of Mohammed Saleh in his speech »News», that «8 million workers in Iraq, half of them work for the government and the other half in the private sector or the market, which suffers paralysis serious», pointing out that the market activity is the contractor the government ».
And divided Iraqi government budget to operational and investment, and which constitute the operational conduct of staff salaries and social expenses accounted for 80% of the budget, compared to only 20% of the investment budget of developmental projects.
[millionday] note --the budget is many projects --- development projects are the lowest -- huge problems with not having it passed
[millionday] but kurds on the way to work on it with iraq federal
[millionday] And adds the benefit that the unemployment rate rose to 24%, as all development projects referred to the private sector, which operates four million workers, mostly young, and this produces the burdens of social security, indicating that «the rates of growth and progress related to the expenditure of investment, and the five-year plan, and the disruption of budget The plan also means disabled and delayed growth or stop ».
The Iraqi government relies currently on the Financial Administration Act of 2004, issued by the authority of the civil administrator of Iraq, Paul Bremer, which entitles a chief executive Exchange 12/1 from last year's budget, the operating budget and projects stalled, while spending the salaries of employees in the Iraqi state in accordance with the advances from the Ministry of Finance, that is equal to the predecessor after the adoption of the budget.
[millionday] note -- remember that cbi is not giving out cash until the budget is passed -- know that
[millionday] According to some theoretical estimates, the per capita share of the Iraqi budget of up to $ 4,500 annually, and this value decreases with the continued lack of adoption of the budget for some Iraqi groups based on the market and the private sector. On the other hand, most of the Iraqi provinces stopped the salaries of thousands of daily wage earners, and some announced discontinued in 90% of the projects allocated to private sector companies, as well as the force of money, fuel and maintenance for some industrial and agricultural sectors.
The Iraqi Ministry of Planning announced the non-completion of 96% of the projects included in the budget in 2013, indicating the completion of 200 projects out of only 8 thousand exist in the budget plan
[millionday] now we could go on -- but point being they need the budget passed -- so the visit from the kurds is very important - they are saying within a couple days to answer the ???
[golfmanone] ? Budget?
[millionday] the hcl is on the list for the kurds visit - and the government and the article 140 and the budget
[millionday] Prime Minister Nuri al-Maliki said that "the national initiative of unity conference in Anbar came at an appropriate time with the progress made by the security services and the sons of the Awakening and the tribes.
He said in his weekly today: "The Preparatory Committee for the Conference will meet tomorrow to put the mechanisms and the agenda of this conference for the success of this conference, which will solve the crisis of Anbar.
He explained that "all the tribes and politicians across Anbar and other provinces welcomed and showed their willingness to help in the success of this conference.
[millionday] now understand that the security in anbar is very important due to the growth in all areas -- also obviously maliki is using this as a platform to move with to show he has a use - we shall see how that goes
[millionday] end of report
[millionday] we have all parties meeting on Anbar
[millionday] here we go - investment of oil - very nice report
[millionday] Hussein al-Tamimi Tgb examining the number of specialists and civil society organizations and the media the economic foundations for the governance of oil and gas, and included discuss the mechanics of investing in the oil and gas sector, and the best ways to employ them in achieving sustainable development in the producing countries, as well as address the issue of the creation of clear laws to achieve the best investment oil economically viable.
said head of the Lebanese Center for Policy Studies Dr. Roland Rayashi in an interview for "morning," said the forum was devoted to the discussion of the reality of natural resource management in the presence of representatives from Iraq, Libya and Tunisia in addition to Lebanon to discuss a number of important things in the forefront of the fundamentals of the oil and gas and challenges, as well as the legal framework and
[millionday] note -- know that lebanon is very close in their banking and their reforms with what is coming with iraq
[millionday] its role In making investments idealism, as well as the roles and responsibilities in the specific sector and distribution rights as well as the financial system, as well as the rules of revenue management and boxes of natural resources. ,
and pointed out that the forum, which was organized in cooperation between the Lebanese Center for Policy Studies and the Institute of monitoring revenues also focus on the relationship of oil revenues to economic development sustainable and employ revenue to achieve the renaissance of productivity, as well as the role of the oil contracts in raising production and the development of local expertise
[millionday] note -- we know that with that % of oil production -- Iraq has to have huge huge progress with oil investment from all countries in the region or not
[millionday] pointed to the need to stand up when the global demand for crude oil during the coming years, especially with the discovery of oil shale and employ advanced technology to production, as well as the stages of the development of oil production
The invader from the stage of research and evaluation, development, and down to the production, transport, stressing the importance of following up the global market for this article and the level of demand was available on the amount of oil produced in the world and demand that offset. Among the participants were discussing the subject of a mechanism Todev oil wealth to serve future generations and how it must be consumption Current.
[millionday] know that the economy has to be recognized to be alot of oil and also the employment so this is without saying -- many are being trained and the opportunities are for everyone -- including the citizens
[millionday] an oil producing country has huge revenues coming from refined-and also the many products of course that maintain the economy in many areas >>>>> end of report
[slh5282] Is there any one that is looking at the by-products of the oil industry for iraq?
[millionday] slh5282 yes -- the refineries across the world are outdated including ours so yes the products are also a market that iraq can take a huge % of >>>> ours was updated in the 40`s I believe >>>>> huge surprise tp many
[millionday] Hashemi days after the last clear to the world that Iraq represents an opportunity promising for various investments in economic sectors, all of which, where reports indicate organizations and international institutions interested in monitoring the activities of foreign companies in the country to the upsurge in the activities of these companies in the areas of economic and logistical despite All challenges.
In this regard, noted academic economic Dr Majid Baidhani that foreign companies began well aware of the opportunities available for investment in Iraq,>>>>>> where the number of them doubled its activity in the country through the evolution of his performance and the transition from the stage of monitoring the market and study the implementation of direct contracts with the government in sectors Alaguetdhadah.
said Baidhani that this activity is reflected on the ground, increasing the number of branches of foreign companies after it was opened representative offices only to monitor the movement of the market and the study of its investments.
confirmed for one of the logistics companies operating Iraq as the best organization to work in the region, according to a study conducted by Company human resources consulting ion Hewitt.
[millionday] note -- i think that more than 40 foreign companies have entered Iraq recently
millionday] He said reports indicate that the activity of foreign companies RPR good performance in terms of employee engagement, leadership effectiveness, and business performance, the effectiveness of talent management and diversity and inclusion. emphasizes increasing the activity slight rise,
which happened in increased registration of foreign companies entering to the country in the month of April compared to the previous month, and the source in the Ministry of Commerce told the (morning) that the month of April saw a record 39 foreign companies,
while the month of May during which they registered 40 companies. explained that the Registrar of Companies (department of foreign companies) recorded Last month
[millionday] note -- oops so this was just this month -- so i also see as we all do 39 lst month -- i have to say that most companies do not go somewhere if there is no future
[millionday] , the opening 6 offices and 34 branches of foreign companies in Iraq. According to observers, the activity of foreign companies operating in Iraq currently selected Reconstruction and rehabilitation of the infrastructure of the fact that the majority of those companies practicing acts of incorporation in the sectors of electricity, oil, water desalination and other projects, the infrastructure of Iraq.’
says researcher economic state fair that the entry of foreign companies into Iraq to direct investment will strengthen the dam market need of goods that can be produced locally.
[millionday] note -- this is huge and great news
[millionday] added that foreign companies are looking for matching opportunities in all sectors of the economy, but it sometimes surprised procedures routine and time-consuming in the process of registration as an investor. called to support enhances facilitate registration procedures according to the law through the activation of a single window to save time and effort and the granting of staff representatives from the departments concerned in this window>>> the validity of the signature without reference to the mentors Administrative long as the transactions properly and do not reproach them. ‘
confirmed just that continuing obstacles in the work force too much on Iraq opportunities for the advancement of its present economic and strengthen the infrastructure which is the basis for him no alternative to achieve economic development.
[millionday] so as we see the economic advancements are going to come from outside sources and of course inside development -- but this is very encouraging -- trust they have done their homework before spending money
[millionday] end of report
[millionday] this is a statement from the maliki corner
[millionday] Representatives for the coalition of state law, Abdul Salam al-Maliki, said the next few days will reveal the true size of the coalition of state law and the extent of the cruise, ‘
which will need to form a government majority, the future political coalition headed by Prime Nuri al-Maliki. Maliki said in a press statement to his press office, on Wednesday, that "the rule of law took place during the past few days on strong support from the political parties winning the elections will make the process of forming the next government more streamlined and to ensure the achievement of the majority comfortable in the next parliament."
[millionday] oh boy
[millionday] He added that "the policy of the rule of law ahead will be identical with the constants that launched the campaign which is basically in every round of negotiations were entered into with the rest of the political parties, stressing that" the ability of state law to form a majority government in record time away from Altakndqat sectarian or government partnership exhausted Iraq during the past period and made it a platform for the legislature to weaken the government and lay the charges here and there.
[millionday] note -- he is saying that without him and the old way -- the time line is going to be ugly -- so he is under the impression that it is easier to just leave him there
[millionday] Maliki noted that "the rule of law is still open its doors to all political parties consistent with his political and government in the framework of building a strong government able to fulfill the needs of the country and out of the successive crises that had the Iraqi people is the only loser."
He stressed that "the next few days will reveal the true size of the state of law in the next Parliament so as to ensure a comfortable majority to form the next government in a streamlined way, without any obstacles."
[millionday] so as we know the next couple of days many announcements will come out -- we have alot going on with isx and also the government and the visit of the kurds as well
[millionday] end of report
[millionday] i promised i would bring something about the market tonight - here is about cross trading market etc
[millionday] read carefully because it will excite you
[millionday] If you're only investing in the stocks of U.S. companies, you may be missing opportunities to grow your portfolio. Not only are you excluding three-fourths of the global economy, you could be missing the potential for higher growth rates abroad, lowered overall portfolio risk, and currency diversification.
There are three primary methods for investing in international stocks: purchasing ordinary common shares directly in their primary foreign market, purchasing American Depositary Receipts (ADRs) on a U.S. exchange or the over-the-counter market, or purchasing foreign stocks via the U.S. OTC market. >>>>>
But there's a fourth alternative: purchasing cross-listed international stocks, which are listed on one or more foreign stock exchanges (for example, exchanges in the U.S.) in addition to their domestic exchanges. These stocks may provide certain trade-execution benefits that other trading channels don't offer.
Currently, these opportunities are generally limited to Canadian stocks, but stocks from more countries may be cross-listed in the future.
[millionday] so cross listing is very important and huge for investors
[millionday] Cross-listed stocks differ from ADRs and other depositary-receipt securities (e.g. European Depositary Receipts and Global Depositary Receipts) in that they don't involve the creation of a depositary relationship by a third party.
Instead, the company lists its common shares directly on a U.S. (or other) exchange as well as its domestic exchange. Cross-listed stocks that trade on the New York Stock Exchange (NYSE), the NYSE ALTERNEXT (formerly the American Stock Exchange) and the NASDAQ Global Market System (NASDAQ GMS) also differ from those traded in the OTC market, for reasons we'll explain below.
[millionday] now know that they mean global - no more time spent on that -- it means global
[larrykn] so we are taliking a reality rate to be in the isx
[millionday] we are talking about a global platform that is also showing us cross -linked markets -- also >>>> that means global markets -- there is no reason to go through the platform
[millionday] no reason at all and it is to be done in june and launch at the first of the month >>>>>> whhhoppow
[millionday] read this >>>> Securities traded on U.S. markets are generally subject to stringent registration requirements imposed by regulatory agencies and organizations like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority.
So-called blue-sky laws are registration requirements regulating the offering and trading of stocks. These laws were originally passed by state legislatures in an effort to help protect investors against fraud. A security can't be sold in a particular state unless the security is registered under that state's blue-sky laws.
And because blue-sky laws apply at the state level, a security that isn't registered in all states must trade in the OTC market. However, stocks meeting the listing requirements of the NYSE, NYSE ALTERNEXT or NASDAQ GMS are considered to have met the blue-sky laws of all U.S. states and territories. As a result, securities traded on those markets may be sold anywhere in the United States.
[millionday] know that a reuirement was the securities act for Iraq to be activated >>>>> so nasdaq can be sold anywhere in the US --- hmmm
[millionday] lets think about this for a minute >>>does that mean global?
[millionday] a nasdaq platform is being put in place in IRAQ --- IN JUNE >>>> IN JUNE >>>>>>> IN JUNE >>>>>> SMILE
[slh5282] is there any validity to the new government taking an extended period of time to form?
[millionday] the validity would be that it is Iraq - they are saying quick but i hope and we have seen them take a long time they seem to be taking it as it is important so we shall see
[dalawr30] Global part, how exciting. You missed my point, I was joking, I definitely think global
[millionday] dalawr30 oh good thought i had a specialist that was telling me different – lo
[jtank] Can Maliki be extradited from Iran on war crimes?
[millionday] if he is out of office -- he could face international law on any crimes --- but we shall see
[sczin11] millionday the conference in Dubai May 14-15 was critical to the timing here , IMHO
[millionday] sczin11 i agree
[millionday] so lets wrap it up because the news is slow and we could do other things -- the news this week should be large -- the kurds are coming and it is for all that is lacking